Monthly Archives: April 2018

W-2 fraud detection: How latest proposed changes would affect you

GAO makes recommendations to IRS for Rooting out issues   The IRS has been emphasizing the importance of preventing identity theft and fraud for quite some time now, particularly when it comes to Form W-2.   As a way to prevent fraud, the IRS has made it a priority to verify the info reported on [...]

April 26th, 2018|W-2s|

See how a company in Ludlow VT made life easier when paying seasonal employees

    Dian Ponto, payroll manager, Resort Asset Management LLC, Ludlow, VT writes:   We dealt with an influx of seasonal workers every year, which made payroll extremely hectic.   Between entering their info into our system and making sure they were paid on time, it was tough to juggle it all.   Plus, with [...]

April 26th, 2018|New hire, Timekeeping|

Form W-2: IRS plans to expand verification code

    Year-end may seem far away right now, but get ready: The IRS has just released the 2018 Form W-2.   Although there aren’t any big changes to the form just yet, there are some developments you should watch for, mostly dealing with the verification code in Box 9.   Authenticating returns   As [...]

April 19th, 2018|2018 tax changes, W-2s|

Latest info on new employer tax credit for paid family, medical leave

    How companies know if they’re eligible, what to track & more   More companies are offering workers paid medical and family leave. Thanks to the Tax Cuts and Jobs Act, this could earn them a tax credit in the next two years.   The amount of the credit ranges from 12.5% if employees [...]

April 19th, 2018|FMLA, Recordkeeping, Timekeeping|

Absences & exempt employees: DOL issues key guidance on pay

    What’s included in Opinion Letter 2018-14   The Department of Labor (DOL) hasn’t always been clear about when you’re able to make deductions from exempt employees’ pay if they’re absent from work.   But now that the DOL has issued Opinion Letter FLSA 2018-14 on that topic, you have the guidance you need [...]

April 19th, 2018|FMLA, Recordkeeping, Timekeeping|